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Unfortunately, no. Generally speaking, distributions from a traditional IRA are taxable income. If you withdrew the money prior to age 59 1/2, there will also be a 10% penalty for the early distribution. The exception to this penalty for first-time homebuyers will not apply in your situation.
Unfortunately, no. Generally speaking, distributions from a traditional IRA are taxable income. If you withdrew the money prior to age 59 1/2, there will also be a 10% penalty for the early distribution. The exception to this penalty for first-time homebuyers will not apply in your situation.
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